Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,705 shares of the financial services provider’s stock after selling 3,716 shares during the period. Victory Capital Management Inc.’s holdings in Kinsale Capital Group were worth $39,116,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Atlanta Capital Management Co. L L C boosted its stake in Kinsale Capital Group by 1.6% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 442,762 shares of the financial services provider’s stock worth $105,329,000 after purchasing an additional 6,841 shares during the period. Geode Capital Management LLC boosted its stake in Kinsale Capital Group by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 404,675 shares of the financial services provider’s stock worth $96,268,000 after purchasing an additional 27,928 shares during the period. Invesco Ltd. boosted its stake in Kinsale Capital Group by 14.8% during the 4th quarter. Invesco Ltd. now owns 299,226 shares of the financial services provider’s stock worth $71,183,000 after purchasing an additional 38,555 shares during the period. Dimensional Fund Advisors LP raised its position in Kinsale Capital Group by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 272,584 shares of the financial services provider’s stock worth $64,844,000 after buying an additional 3,234 shares during the last quarter. Finally, GW&K Investment Management LLC raised its position in Kinsale Capital Group by 6.5% during the 4th quarter. GW&K Investment Management LLC now owns 261,552 shares of the financial services provider’s stock worth $62,220,000 after buying an additional 15,934 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial upped their price objective on shares of Kinsale Capital Group from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday.

Insider Activity

In other news, CEO Michael P. Kehoe sold 2,500 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $210.26, for a total value of $525,650.00. Following the completion of the transaction, the chief executive officer now owns 319,590 shares in the company, valued at approximately $67,196,993.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael P. Kehoe sold 2,500 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $210.26, for a total value of $525,650.00. Following the completion of the transaction, the chief executive officer now owns 319,590 shares in the company, valued at approximately $67,196,993.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $204.75, for a total transaction of $819,000.00. Following the completion of the transaction, the chief executive officer now owns 319,590 shares of the company’s stock, valued at approximately $65,436,052.50. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Kinsale Capital Group Stock Up 0.1 %

Shares of Kinsale Capital Group stock opened at $243.49 on Tuesday. The company has a market cap of $5.58 billion, a P/E ratio of 39.08 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.16 and a current ratio of 0.16. Kinsale Capital Group, Inc. has a one year low of $157.81 and a one year high of $245.38. The firm has a fifty day moving average of $224.42 and a two-hundred day moving average of $217.01.

Kinsale Capital Group (NYSE:KNSL – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Kinsale Capital Group had a net margin of 20.32% and a return on equity of 24.01%. During the same quarter in the prior year, the company posted $1.28 earnings per share. On average, analysts forecast that Kinsale Capital Group, Inc. will post 6.9 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Tuesday, May 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.21%. Kinsale Capital Group’s dividend payout ratio is presently 8.35%.

Kinsale Capital Group Company Profile

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Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.